For most business accounts you can leave your Wise Business account, and transfer it to another Admin user at any time.
If your business is registered in Japan, Hong Kong, or Singapore please check the exceptions below for the procedure.
How to change ownership
You can only change ownership on our website, to do this:
Click on your Business name in the top right and select Team
If you don't have any other team members on your account select Add a team member and invite them as an Admin via their email address.
Select your personal name > Transfer Ownership
If you don’t have any eligible Admins listed, we’ll give you the option to Add an Admin first
From your list of Admins, choose the new owner and Continue
Confirm the change, by selecting Continue and leave account
Learn more about the types of users a business account can have
What happens once I transfer ownership?
Once you transfer ownership of an account, your access is fully cancelled. This means, you can’t log in anymore, and your business Wise cards will be blocked.
You can be invited as a user by the new Owner or another Admin any time.
Regional exceptions
Singapore
If the new account owner is the director of business you can transfer ownership yourself by following the usual steps above.
If the new account owner is not the director of business:
Fill out the Singapore authorisation letter.
Contact us to request a change in ownership. Make sure to upload the authorisation letter.
Japan
Only the representative director of the company (or the sole trader) can be the account owner. To transfer your business account ownership to the new representative director:
Scan/copy your certificate of registered matters issued within the last 6 months.
Contact us to request a change in ownership. Make sure to upload your certificate of registered matters with your request.
Hong Kong
1. Get the required documents ready.
For all business types if the new account owner is not the beneficial owner or the director of the business fill out the Hong Kong authorisation letter.
For Partnerships or Sole traders: Business Registration (BR) certificate or Partnership registration document
For Limited companies: No additional documents required
2. Contact us to request a change in ownership. Make sure to upload any required documents.